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As bitcoin reaches for new highs I have been contemplating it's end once again. Before I said it would be due to a lack of hashing power. That isn't true. Any hashing power is enough to keep transactions processing at a constant rate. The problem will really be one of trust. Bitcoin will be 51%'d. It may already be. But as soon as something sparks it, the 51% attack will rear its ugly head and people will loose faith in the coin flocking to other coins. It appears bitcoin cash would be a natural move. However this will be shortlived. A 51% attack on bitcoin - and a subsequent exodus into something like bitcoin cash - would cause a cannibalism event and the people who 51%'d bitcoin will turn their hashing power to bitcoin cash and 51% that as well. This will keep happening and cryptocurrencies will drop like flies. The only solution is to make a coin that requires different hardware to mine than bitcoin so the 51%ers couldn't also attack those currencies. These currencies already exist. Ones like bitcoin gold and monero and other CPU only or CPU/GPU coins will not be able to be attacked by these massive groups. Bitcoin gold and monero would likely beamong the sole survivors of the cryptocurrency apocalypse.
Bitcoin is a cryptocurrency, which can be spent, saved, or invested, and it can be stolen too. Trading with Bitcoins was considered to be risky, but the current trends show that it has become a big hit the binary options sector. This decentralized currency is not regulated by any Government, or by any central authority. coinmarket.net
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